(Finance) – The stock moves significantly lower Docusign which exhibits a deadweight loss of 23.15% on the previous values. Red in the first quarter weighed on the stock of the San Francisco company.
The weekly analysis of the stock versus the Nasdaq 100 shows a break with respect to the index in terms of relative strength of Docusignwhich is worse than the target market.
The short-term examination of Docusign ranks a strengthening of the bullish phase with immediate resistance seen at USD 69.88 and first support identified at 64.36. Technically, we expect a further upward momentum of the curve towards new tops estimated in the 75.4 area.